SG Americas Securities LLC Has $856,000 Stake in HDFC Bank Limited (NYSE:HDB)

SG Americas Securities LLC trimmed its stake in HDFC Bank Limited (NYSE:HDB) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,410 shares of the bank’s stock after selling 1,962 shares during the quarter. SG Americas Securities LLC’s holdings in HDFC Bank were worth $856,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HDB. Glenmede Trust Co. NA boosted its position in shares of HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after acquiring an additional 167 shares during the period. Commerce Bank lifted its position in HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after purchasing an additional 225 shares during the period. Pin Oak Investment Advisors Inc. grew its stake in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after buying an additional 254 shares in the last quarter. Mount Yale Investment Advisors LLC increased its holdings in HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after buying an additional 257 shares during the period. Finally, JFS Wealth Advisors LLC raised its position in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after buying an additional 275 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on HDB. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Stock Performance

HDB opened at $60.37 on Wednesday. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $68.50. The company has a market cap of $152.87 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.73 and a beta of 0.92. The company’s fifty day moving average price is $63.62 and its two-hundred day moving average price is $62.38. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. On average, analysts expect that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.